For Shopify sellers in China, Stripe is the most important payment method besides Paypal. As the leader of credit card payment gateway, stripe set can satisfy buyers to easily complete online payment by debit card or credit card. This article will give you a comprehensive understanding of Stripe and the process of registering Stripe.

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When it comes to international payment methods, we hear more about telegraphic transfer, Western Union remittance, Paypal, Payoneer, worldfirst and so on. It is also rare to hear someone mention Stripe payment, but it is undeniable that in the cross-border e-commerce field, Stripe is being used by more and more sellers to collect credit card payments from end consumers, especially Shopify independent station sellers. In addition, Stripe has attracted the attention of major investment institutions in Silicon Valley since its establishment, and its investors are luxurious, including YC, Sequoia, Anderson Holovitz, etc. So today, let's get to know Stripe briefly and understand the registration process of Stripe.

First of all, about stripes:

Stripe is a technology company that provides services for individuals or companies to accept payments on the Internet. It was founded by two Irish brothers who were only in their twenties. Stripe was founded on 20 1 1 and is headquartered in Silicon Valley, USA. At present, it has offices in 9 regions including London, Paris, Singapore and Tokyo. At present, Stripe only supports 25 countries and regions (including Hong Kong). Unfortunately, registration in Chinese mainland is not supported for the time being.

Second, the stripe * * * main business:

Stripe's business can be summarized in one sentence: providing customers with online payment solutions to meet the needs of consumers to pay by credit card or debit card through online shopping.

Third, Stripe is suitable for customer base.

For cross-border e-commerce sellers, Stripe provides a very convenient credit card payment method, which allows stores to receive payment in multiple currencies through the network. Your customers only need a credit card to complete the transaction, and there is no need to register and use other accounts. When customers use it for the first time, they enter their email address and credit card account number, and then they don't need to fill in the information and pay directly, which greatly reduces the probability of consumers abandoning their shopping carts, and is very suitable for cross-border e-commerce sellers, especially Shopify independent station sellers. Shopify independent station sellers can integrate Stripe API into online stores (open Shopify background-payment provider-accept credit cards in turn and select Stripe binding) to collect customers' payments from international debit cards or credit cards, including Master Card, VISA, AMEX, etc.

Service providers such as Raffles and Instacart can use Stripe to help sellers collect money better, so that consumers can get a good user experience in driving, amusement facilities, food and accommodation.

Stripe interest rate and cash withdrawal

Stripe adopts fixed rate and floating rate. Stripe charges all customers whose annual transaction amount is less than $65,438+0,000,000 with the basic charging mode of 2.9%+0.3 USD (3.4%+2.35 HK dollars in Hong Kong), which is simpler and more complicated than Paypal's charging structure, which is based on different services provided. It takes a long time and seven days to withdraw cash from a Hong Kong account, which is why many users are dissatisfied with Stripe.

Four. Strip * * * * * * Registration process:

After learning some basic information about Stripe, let's take a look at how to register Stripe.

Preparation tools:

Considering that Stripe has not yet entered the Chinese mainland market, we can only register Stripe with our account information in Hong Kong. Of course, if you have the conditions to get an American bank account number, address, telephone number, and American ID card (there are many related courses online), it is ok, but I personally think it is risky and I don't recommend it.

To register an individual or company account in Hong Kong, it is now necessary to operate through an agent. With the increasingly strict foreign exchange supervision, the application difficulty is indeed increasing. However, compared with banks with higher thresholds such as HSBC and Hang Seng Bank, I suggest that it will be easier to have an agent in ICBC Asia or BOC Hong Kong to open an account for me, and I will successfully open an account. Of course, the corresponding fees are different with different agency channels. Opening an account now may attach some additional conditions such as insurance and wealth management, which need to be evaluated by yourself, so I won't go into details here.

Let me take a Hong Kong company account as an example to explain the registration process (it will be easier if it is an individual).

Step 1: Open the striped www.stripe.com in official website and click Register-Register.

Step 2: Enter your email address, name and password in turn, and then click Create Your Striped Account-Create Your Striped Account and enter the background.

Step 3: Stripe officials will send a confirmation email, then confirm the email address and log in to Stripe again.

Step 4: Click Activate Account-After activating the account, select Hong Kong in the national section and select the website of the independent radio store. The business description part mainly describes the products sold by the store, who is the final customer and when to charge the customer. , relatively simple.

Step 5: Enterprise Type-Enterprise Type Select the company (for individuals), and fill in the English name, registration number, registered address of the enterprise, legal person name, etc.

Step 6: Fill in the date of birth, passport number, Hong Kong identity card, and the home address can be the bank address or the agency address. In addition, you can write down the phone number of the agency's Hong Kong office (I don't have a screenshot here).

Step 7: The next step is to fill in the account information in Hong Kong. Usually, the first three digits of an account are the bank code. After completing the form, click Activate Account-Activate Account.

Step 8: Stripe officials will send a confirmation email telling them that they will contact if additional information is needed. It will take a few minutes to review at this time.

Step 9: Log in to the stripe background, and we will see a red triangle reminder that the legal person information needs to be reviewed, and the status-status will show Unapproved. Don't panic, you can wait patiently for the stripe information review.

Step 10: If you wait for 5- 10 minutes, but "Not verified" is still displayed in the background, please click the "Chat with us" button in the Stripe Help Center. Stripe provides a real-time communication platform for customers, and it only takes 2-3 minutes for Stripe engineers to answer your questions. I have to give Stripe a capital praise here! ! ! This is also the biggest difference between Stripe and Paypal, which is really a great experience (please allow me to say it again! ! )

Step 1 1: With the help of stripe support, we can refresh the background of stripes and enter the next authentication session. Just choose your passport and upload the scanned document!

Step 12: We can see that the legal person information has been verified less than 10 minutes after uploading the passport, and our striped account has been successfully applied here.

As you can see, the process of applying for Stripe is not complicated, but it is difficult to get a Hong Kong account. You can screen agents well and try to get a Hong Kong account first.